Pradeep Hegde

Key Highlights:

• Involved in Process improvements and Process Automation implementations
• Actively worked with Robotics processing Automation team (BOT) in providing various inputs, documentation and assisting in UAT testing
• Developed Alteryx work flow for a daily activity which involves multiple reconciliation, analysis and action points and resulted in significant time save and effort
• To assist in smooth Month End and Quarter end Closures. To perform month end control checks, Preparing and posting required Manual/Correction entries during month end closures
• Preparation and presentation of monthly exceptions/suspense metrics data to management highlighting the key issues and Analyzing financial data to identify trends, patterns and strategies

Responsibilities handled:

• As a part of Ledger Oversight and Control team – keeping a close eye on the General Ledger exceptions on a daily basis
• Analyzing the daily GL exceptional transactions Reports to find out the root cause and action plan for the resolution of various types of breaks
• Working closely with the LOB FC’s in the resolution and correction of the general ledger exceptions including suspense transactions due to various reasons. Thus, making sure JPM Corporate Ledger (SAP) is in line with the ledger rules and requirements, Financial Reference data requirements
• Working with Financial and product controllers in fixing the recurring exceptional issues on a regular basis
• Providing required status updates & back-ups to stakeholders such as Legal entity controller, LOB Sort code owners and FC’s
• End to end understanding of the transactional flow from product systems to SAP and subledger to corporate ledger and transactions processing in SAP at a document and batch level
• General ledger substantiation and reconciliations process after each month end
• Getting various reference data’s updated in SAP and update subledger to SAP mappings in various product systems platforms related to derivatives, loans and deposits, payments, treasury services etc
• Preparations and review works of various internal and external reports on a daily/weekly/monthly basis
• Support with regards to internal and External Audit queries/requests Review/update of the process Standard Operating procedures (SOP’s).

Key Highlights:

• Had been to EY London office on a short-term rotation for 3 months and worked closely with the EY London team (Primary Audit team) seniors and Managers
• Have been recognized for Quality and consistency, have been awarded the “Exceptional Client Service (ECS)” and many ‘spot awards’

Responsibilities handled:

• Auditing of client’s books of accounts and Financial Statements based on the principles of GAM (Global Audit methodology)
• Performed end to end Audit – i.e through all the Audit stages: Planning, Execution and Conclusion Stage maintaining professional skepticism throughout the Audit procedures
• Analysis of the base data and extracting the key information therefrom, required for the substantive Audit procedures
• General Audit procedures performed: Key income statement and balance sheet items testing, recalculations, Journal entry testing, financial statements numbers and disclosure testing etc
• FS Workings: Recalculations and performance of the financial statements disclosure workings which are often complex in nature and presenting them as a more simple and comprehensible output
• Types of entities audited – Hedge Funds (UK&I and US based), Hedge Fund Managers, and SPV’s (Ireland). Others: Private Equity, UK Regulated Funds, Auditing of manufacturing/service sector companies, Bank reconciliations audit.
• Knowledge and Application of Basic Accounting & Auditing principles during the Audit Procedures and in reviewing Financial Statements
• Performing financial statements disclosure reviews and IFRS, FRS 102 and USGAAP disclosure checklists and highlighting to the client any disclosure related issues. Major accounting and auditing standards exposures – FRS 102, IFRS, USGAAP, IAS, ISA (UK), LLP SORP
• Fundamental Knowledge and Understanding of the structure and operation of Wealth and Asset Management industry predominantly Hedge Funds and Hedge fund managers’ entities
• The work performed on Hedge funds include testing’s of investment (existence/valuation), realized G/L, Capital transactions testing, testing’s/recalculations of NAV, management/performance fees and any other Key balance sheet and income statement items & Financial statements review
• Basic knowledge and exposure to the financial instruments such as equities, bonds, derivatives etc
• Designing the work papers and performing the Audit procedures for the Significant Class of Transactions (SCOT’s) such as Cash, Investments, Share Capital, all Key/Material Expenses and Incomes etc
• Basic knowledge and working experiences in relation to Control environments/testing’s such as performing walkthroughs, identifying control deficiency.
• Communicating regularly with the Onshore/local Audit team Senior/Managers to discuss the work plan & status and coordinating in successful and timely completion of the tasks
• Timely connects with the Primary Audit team & Clients to discuss the Audit plan, client deliverables, and Audit issues noted
• Communicating the issues/differences noted and suggesting solutions/correcting entries.

• Vouching of Various Books like purchase book, Cash Book, Journal Book
• Preparing audit programs in consultation with client
• Preparation and Analysis of financial statements including notes to accounts
• Physical stock take and valuation as on the year end in accordance with Accounting Standard issued by ICAI
• Timely calculation & deposit of TDS and quarterly TDS return filing
• Preparation of income tax returns of various clients including 44 AB Audit
• Timely calculation and preparation of Sales tax and Service Tax Returns and filing
• Concurrent and Statutory Audit of the banks such as Karnataka Bank, Canara Bank and Co-operative society Audit.